63 Moons Tech Gains 4%; BSE IT Index Up 2.0%
Thu, 23 Jan 11:37
Image source: StarLineArts/www.istockphoto.com63 Moons Tech share price has zoomed 4% and is presently trading at Rs 811.6.
Meanwhile, the BSE IT index is at 42,950.7 (up 2.0%).
Among the top gainers in the BSE IT index today are ZENSAR TECHNOLOGIES (up 13.6%) and Coforge (up 11.9%).
INDIAMART INTERMESH (down 2.5%) and HCl Tech. (down 0.8%) are among the top losers today.
Over the last one year, 63 Moons Tech has moved up from Rs 415.5 to Rs 811.6, registering a gain of Rs 396.1 (up 95.3%).
On the other hand, the BSE IT index has moved up from 37,185.1 to 42,950.7, registering a gain of 15.5% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Firstsource Solutions (up 86.6%), ZENSAR TECHNOLOGIES (up 56.8%) and Oracle Financial Services (up 56.0%).
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What About the Benchmark Indices?
The BSE Sensex is at 76,626.1 (up 0.3%).
The top gainers among the BSE Sensex today are Tech Mahindra (up 2.4%) and Ultratech Cement (up 2.3%). The most traded stocks in the BSE Sensex are ZOMATO and HDFC Bank.
In the meantime, NSE Nifty is at 23,232.4 (up 0.3%). Wipro and Tata Consumer Products are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 70,370.6 to 76,626.1, registering a gain of 6,255.5 points (up 8.9%).
63 Moons Tech Financial Update...
63 Moons Tech net profit fell 130.6% YoY to Rs -244 million for the quarter ended September 2024, compared to a profit of Rs 799 million a year ago. Net sales declined 75.8% to Rs 385 million during the period as against Rs 1,588 million in July-September 2023.
For the year ended March 2024, 63 Moons Tech reported 1073.5% increase in net profit to Rs 2,124 million compared to net loss of Rs 218 million during FY23. Revenue of the company grew 62.8% to Rs 4,721 million during FY24.
The current Price to earnings ratio of 63 Moons Tech, based on rolling 12 month earnings, stands at 65.0.
Indian Share Market Update: Top Gainers and Losers
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